Cal88 said:
The New York Times revealed a group of Silicon Valley billionaires are behind the $800 million in land purchases, or about the size of two San Franciscos, around Travis Air Force Base in Solano County, California.
We previously covered the mysterious Flannery Associates, which has quietly amassed a staggering 55,000-acre farmland portfolio encircling three sides of the military base. The landowners weren't previously known until now:
Quote:
Billionaire venture capitalist Michael Moritz, Reid Hoffman, the LinkedIn co-founder, venture capitalist and Democratic donor; Marc Andreessen and Chris Dixon, investors at the Andreessen Horowitz venture capital firm; Patrick and John Collison, the sibling co-founders of the payments company Stripe; Laurene Powell Jobs, founder of the Emerson Collective; and Nat Friedman and Daniel Gross, entrepreneurs turned investors. --NYT
https://www.zerohedge.com/markets/game-thrones-kind-thing-tech-billionaires-buy-55000-acres-outside-san-francisco-start-new
I've been driving back and forth from Placer County to the east bay for over 10 years.
I moved because of housing costs, and yeah, I got a big house on 5 acres for a great price!
But it's hot a F up here. I don't favor Fairfield/Vacaville area. It's flat there, and people I know who've lived there say it can be fairly windy and that can get annoying. But that wind
keeps the evening temperatures down. So, there are worse places. You can commute from there. Capitol Corridor train, and they have access to the bay to the south, provided a port situation gets built.
I could see something like Orange County north - all wide roadways, pre-planned community.
They'll make a killing.Haven't people heard that there's a
housing shortage in California?
Still, it's going to heavily impact I-80.
NorCal megapolis on it's way.
This will get streamlined by the politicians at some point.